Utah’s Employment Summary: December 2021


The next statistics are introduced evaluating December 2019 to December 2021

(Jan 21, 2022) Utah’s nonfarm payroll employment for December 2021 elevated an estimated 3.7% throughout the previous 24 months, with the state’s financial system including a cumulative 59,200 jobs since December 2019. Utah’s present employment degree stands at 1,646,900.

December’s seasonally-adjusted unemployment price is estimated at 1.9%, with roughly 31,800 Utahns unemployed. Utah’s November unemployment price is unchanged at 2.1%. The December nationwide unemployment price continued to say no, registering 3.9%.

“As Utah’s financial system progressed by means of 2021, probably the most putting theme was dwindling labor availability,” reported Mark Knold, Chief Economist on the Division of Workforce Companies. “Every month the unemployment price moved decrease and decrease, lastly sinking final month into historic territory. The state’s unemployment price is now beneath 2.0% for the primary time ever. That is uncharted territory when it comes to such a low unemployment price and gauging how a lot decrease it could possibly conceivably go.”

Utah’s December non-public sector employment recorded a two-year growth of 5.0%. Eight of Utah’s 10 main private-sector trade teams posted web two-year job positive aspects, led by Commerce, Transportation and Utilities (22,300 jobs); Skilled and Enterprise Companies (15,200 jobs); Development (11,500 jobs); and Manufacturing (7,900 jobs). The 2 trade teams with much less employment than two years in the past are Pure Sources and Mining (-800 jobs); and Different Companies (-200 jobs).

 

Largest non-public sector positive aspects prior to now two years:

  • Commerce, Transportation and Utilities: 22,300 jobs

  • Skilled and Enterprise Companies: 15,200 jobs

  • Development: 11,500 jobs

  • Manufacturing: 7,900 jobs

Largest non-public sector losses through the previous two years:

Statistics generated by the U.S. Bureau of Labor Statistics, Washington, D.C., modeled from month-to-month employer (employment) and family (unemployment) surveys.

Take heed to Chief Economist Mark Knold shares his evaluation of the December 2021 employment report:










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